PYFRX vs. VEMBX
Compare and contrast key facts about Payden Floating Rate Fund (PYFRX) and Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX).
PYFRX is managed by Paydenfunds. It was launched on Nov 10, 2013. VEMBX is managed by Vanguard. It was launched on Mar 10, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYFRX or VEMBX.
Key characteristics
| PYFRX | VEMBX | |
|---|---|---|
| YTD Return | 6.12% | 8.53% |
| 1Y Return | 9.33% | 16.52% |
| 3Y Return (Ann) | 6.58% | 1.47% |
| 5Y Return (Ann) | 5.25% | 4.54% |
| Sharpe Ratio | 8.54 | 2.82 |
| Daily Std Dev | 1.11% | 5.86% |
| Max Drawdown | -20.18% | -24.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PYFRX and VEMBX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PYFRX vs. VEMBX - Performance Comparison
In the year-to-date period, PYFRX achieves a 6.12% return, which is significantly lower than VEMBX's 8.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PYFRX vs. VEMBX - Expense Ratio Comparison
PYFRX has a 0.70% expense ratio, which is higher than VEMBX's 0.55% expense ratio.
Risk-Adjusted Performance
PYFRX vs. VEMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Payden Floating Rate Fund (PYFRX) and Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PYFRX vs. VEMBX - Dividend Comparison
PYFRX's dividend yield for the trailing twelve months is around 9.04%, more than VEMBX's 6.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYFRX Payden Floating Rate Fund | 9.04% | 8.35% | 5.08% | 2.94% | 3.19% | 4.45% | 4.22% | 3.30% | 3.53% | 3.17% | 3.38% | 0.20% |
VEMBX Vanguard Emerging Markets Bond Fund Investor Shares | 6.77% | 7.06% | 5.43% | 5.19% | 4.50% | 6.27% | 4.81% | 6.50% | 8.85% | 0.00% | 0.00% | 0.00% |
Drawdowns
PYFRX vs. VEMBX - Drawdown Comparison
The maximum PYFRX drawdown since its inception was -20.18%, smaller than the maximum VEMBX drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for PYFRX and VEMBX. For additional features, visit the drawdowns tool.
Volatility
PYFRX vs. VEMBX - Volatility Comparison
The current volatility for Payden Floating Rate Fund (PYFRX) is 0.22%, while Vanguard Emerging Markets Bond Fund Investor Shares (VEMBX) has a volatility of 0.76%. This indicates that PYFRX experiences smaller price fluctuations and is considered to be less risky than VEMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.